Unfortunately, the median household income in Detroit is $26,095, creating a gap of $16,677. In comparison to some of the other cities listed, San Francisco residents needed $119,570 to live comfortably, while the median income there is $78,378.
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How much do you need to make to live comfortably in Detroit?
Families with two adults and two children in the Detroit-Livonia-Warren metro need an annual income of $79,308 – or $6,609 per month – to live comfortably, according to the Economic Policy Institute.
What is a livable yearly salary in Michigan?
Living Wage Calculation for Michigan
| 1 ADULT | 2 ADULTS (BOTH WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Living Wage | $13.63 | $22.71 |
| Poverty Wage | $6.13 | $6.30 |
| Minimum Wage | $9.65 | $9.65 |
What is considered a good salary in Michigan?
Average Salary in Michigan
| Annual Salary | Hourly Wage | |
|---|---|---|
| Top Earners | $79,369 | $38 |
| 75th Percentile | $65,259 | $31 |
| Average | $59,093 | $28 |
| 25th Percentile | $43,653 | $21 |
What is the cost of living in Detroit Michigan?
Detroit cost of living is 87.6
| COST OF LIVING | Detroit | Michigan |
|---|---|---|
| Grocery | 89 | 93.4 |
| Health | 84.3 | 86 |
| Housing | 23.2 | 65.5 |
| Median Home Cost | $68,600 | $207,800 |
What is good salary Detroit?
The median household income in Detroit is $26,249, which is exactly half of the number needed to be considered rich. The totals you see from other cities are determined by that number for median household income. Other notable cities: Milwaukee: At least $73,602.
What is a comfortable salary for a family of 4 in Michigan?
Based on the U.S. median income of $59,039 in 2016, that means Michigan’s middle-class income for a single adult who lives alone is between $22,561 and $67,344, while the range is $45,120 to $134,689 for a household of four.
What is a good yearly salary?
The median necessary living wage across the entire US is $67,690. The state with the lowest annual living wage is Mississippi, with $58,321. The state with the highest living wage is Hawaii, with $136,437.
Is $17 an hour a livable wage?
When we ran all of our numbers to figure out how much is $17 per hour is as an annual salary, we used the average working day of 40 hours a week.
$17 Per Hour is…
| $17 per Hour – Full Time | Total Income |
|---|---|
| Weekly (40 Hours) | $680 |
| Bi-Weekly (80 Hours) | $1,360 |
| Daily Wage (8 Hours) | $136 |
| Net Estimated Monthly Income | $2,250 |
What are the best paying jobs in Michigan?
Detailed List Of Highest Paying Jobs In Michigan
| Rank | Job Title | Average Salary |
|---|---|---|
| 1 | Consultant And Sales Representative | $221,460 |
| 2 | Pain Management Physician | $197,971 |
| 3 | President/chief Executive Officer | $192,342 |
| 4 | Executive Vice President Of Sales | $191,007 |
What is a living wage for one person?
$18.66
Living Wage Calculation for California
| 1 ADULT | ||
|---|---|---|
| 0 Children | 1 Child | |
| Living Wage | $18.66 | $40.34 |
| Poverty Wage | $6.13 | $8.29 |
| Minimum Wage | $12.00 | $12.00 |
What jobs are in high demand in Michigan?
These 10 jobs are expected to grow most in Michigan by 2028
- Personal care aides.
- Registered nurses.
- Combined food preparation and serving workers, including fast food.
- Home health aides.
- Software developers, applications.
- Market research analysts and marketing specialists.
- Industrial engineers.
- Helpers – production workers.
What qualifies as low income in Michigan?
Using HUD’s income limits, a family of four in the Detroit metropolitan area is “low-income” if they earn $55,850 or less. They become “very low-income” at $34,900 or less and “extremely low-income” at $20,950 or less.
Is Detroit expensive?
Detroit’s housing expenses are 6% lower than the national average and the utility prices are 2% higher than the national average. Transportation expenses like bus fares and gas prices are 8% higher than the national average. Detroit has grocery prices that are 9% lower than the national average.
Is Detroit affordable?
Though it’s easy for people to personalize, it’s not terribly helpful.” Residents in one of Develop Detroit’s affordable housing apartment buildings could pay as little as $150 per month. Detroit’s average monthly rent of $1,115 per month has consistently trended $300 below the national average.
Is Detroit good place to live?
Detroit’s cost of living is lower than the national average — but it’s rising.Niche listed Detroit within the top 25 U.S. cities with the lowest cost of living for 2021. However, it’s important to note that while the cost of living in Detroit is below the national average, it still has a high poverty rate.
How many adults are in Detroit?
506,389 adults
Detroit Adults
There are 506,389 adults, (91,661 of whom are seniors) in Detroit.
How much does the average person in Detroit make?
Table
| Population | ||
|---|---|---|
| Mean travel time to work (minutes), workers age 16 years+, 2015-2019 | 25.9 | 24.6 |
| Income & Poverty | ||
| Median household income (in 2019 dollars), 2015-2019 | $30,894 | $57,144 |
| Per capita income in past 12 months (in 2019 dollars), 2015-2019 | $18,621 | $31,713 |
What is the average wage in Metro Detroit?
Workers in the Detroit-Warren-Dearborn, MI Metropolitan Statistical Area had an average (mean) hourly wage of $27.76 in May 2020, about 3 percent above the nationwide average of $27.07, the U.S. Bureau of Labor Statistics reported today.
What is income for middle class?
The most straightforward way of defining someone as middle class is based on income thresholds. In the simplest sense, if your median household income for 2020 was from $50,641 to $135,042, you are considered middle class, according to estimates from Wenger.
What is the upper class income?
Those who earn more than $373,894 are rich.
What Is a Middle-Class Income?
| Income group | Income |
|---|---|
| Low income | Less than $40,100 |
| Middle income | $41,000 – $120,400 |
| Upper income | More than $120,400 |
